Forex is full of terms that look and sound exceptionally weird. Sometimes, it’s hard to believe that this is a real word and not a joke. Can you distinguish between real Forex terms and meaningless fiddle-dee-dee? Test yourself.

Do you know all the essentials of trading Forex? Are you really that sure? If you don't doubt your knowledge, take a test on the basics. Be careful, it’s not a piece of cake – you can easily make a mistake ;)

If you feel like a student before an examination and go weak at your knees, familiarize yourself with our Forex Guide learn all the needed information about the FX word. Then, prove that you are savvy enough in trading essentials to become a professional market performer.

Learn how to start Forex trading and begin to move along the way to success.

Foreign exchange market attracts more and more new traders worldwide offering great opportunities and quite achievable real benefits. But profits that come with the trading can truly be gained only through significant experience, enormous self-discipline and really hard work. 

Some useful tips to get around the pitfalls of foreign exchange market and to reveal the potential of novice traders are given below.  

Starting with Forex trading, it’s likely that each of us needs to be inspired with the examples of successful traders. We are not talking about big wheels like George Soros, but ordinary people who live among us. Have you ever heard about Ingeborga Mootz? She is 96 years old millionaire, but she hasn’t always been rich. In fact, at least15 years ago, she was an unremarkable old widow. And now she is one of the most well-known people in Germany.

She was born in 1922 in a small town called Giessen and experienced all the hardships and sorrows befell people in Germany in the first half of the twentieth century. Hoping to escape from painful poverty young Ingeborga got married at the age of 17. She was dreaming of the wonderful changes that marriage will bring to her simple life, but it was destined to come true only 60 years after.

- Mum! I want this robot!

- Oops kiddo! Not so easy.

That’s what the kids of the most recent Generation Z (born between 1995-2015) most likely heard while growing. They have lived at least two economic crashes and witnessed how their parents had to deal with them and find creative ways to overcome dark times. The optimistic outcome is that the kids have unprecedental potential in terms of financial literacy. Already now the statistics say that they might become the most hard working employees, effective in their spendings and savings!

It is a fact that the CoViD-19 pandemic created panic all around the world. Many industries and businesses have closed down, and firms are cutting jobs; all these factors are affecting the economy. People are scared and don't know what to do. Let's find the ways to ignore the panic, keep calm, and use your free time in quarantine to make a profit when the market is volatile.

For ages, people adore and treasure gold for its natural glow and plasticity. Mankind started using Gold in commerce in the Middle East over 2500 years ago. Nowadays, it is recognized to be the oldest form of money. Gold seems to be a really safe asset. This metal holds good for more than two thousand years despite all wars, cataclysms and global changes.

We were thinking on what to feature in our blog when one of our developers suggested we take a break and play a short match in League of Legends. How bad can it be, right? Well, surrender the game at 20 minutes kind of bad because we didn’t play for a couple of months and didn’t read the recent patch notes. At the same time our analyst traded and managed to make a couple of bucks while we were playing. 

And there we were, defeated and frustrated as he smiled at us with the sense of accomplishment. We decided to sit down, gather our thoughts on what trading and gaming have in common, and what are the pros and cons of both. What else can a person do after he was defeated, if not analyse what he did wrong? 

Having trouble setting your mindset on trading mode? Need inspiration or a tip to improve your trading? Look no further! We have compiled some psychology trading quotes from experienced traders and thinkers who shared their wisdom and insights over the years.

For FBS, February 9 marked 11 years in the brokerage business. As we look back over these years, we recount a lot of lessons learned. So, we’re old enough to share some wisdom that we got while developing a multimillion global venue from zero.  

Each Forex trader is a businessman. See what lessons of ours you can adopt to do better in your career.

What comes to your mind first when you hear or read about the incredible wealth?

Just a couple of centuries ago, it would have definitely been gold or jewelry, but everything has changed dramatically. Nowadays, fabulous wealth is associated mainly with oil. The importance of crude oil can hardly be overestimated as it is considered to be the most significant energy resource and financial instrument in the world.

Forex is a financial market where currencies are bought and sold to make a profit. Trading in the Forex market is done in pairs, each consisting of two currencies. Beginners often struggle to know which pairs are best to trade, which can result in losses.